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Tuesday, August 17, 2010
Gbp vs Jpy, Eur vs Usd & Aud vs Usd - Market Overview
Gbp vs Jpy (1H) - At this moment, I'm looking forward market to perform further bearish continuation trend scenario to complete subwave 5 either in magenta or white. Otherwise, please be careful for any breakout towards the upper green trendline.
Eur vs Usd (4H) - At this moment, a breakout towards the upper yellow trendline would indicate that we may see a strong bullish retracement trend scenario perhaps to complete corrective wave b either in white or yellow (double top). Otherwise, if the bearish continuation critical line 1 is taken, then I believed market already in progress to complete subwave v in aqua.
Aud vs Usd (Daily) - Preferably, I believed market in progress to perform a major bearish reversal trend scenario to complete the major corrective wave C either in white or magenta. Advisable to look for any opportunity to short again from BSTS once the market perform any bullish retracement trend scenario. Good luck.
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